MISGX vs. MVALX

Last updated Jun 23, 2026

MISGX (Meridian Small Cap Growth Fund) and MVALX (Meridian Contrarian Fund) are both mutual funds - MISGX is a Small Cap Growth Equities fund managed by Meridian, while MVALX is a Mid Cap Blend Equities fund managed by Meridian. Over the past 10 years, MISGX returned 8.95%/yr vs 13.58%/yr for MVALX. Their correlation of 0.88 suggests significant overlap in exposure. MISGX charges 1.22%/yr vs 1.12%/yr for MVALX.

Performance

MISGX vs. MVALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meridian Small Cap Growth Fund (MISGX) and Meridian Contrarian Fund (MVALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MISGX achieves a 5.01% return, which is significantly lower than MVALX's 16.89% return. Over the past 10 years, MISGX has underperformed MVALX with an annualized return of 8.95%, while MVALX has yielded a comparatively higher 13.58% annualized return.

MISGX

• 1D: 1.83%
• 1M: 3.57%
• YTD: 5.01%
• 6M: 2.49%
• 1Y: 12.56%
• 3Y*: 6.97%
• 5Y*: -0.09%
• 10Y*: 8.95%

MVALX

• 1D: 1.66%
• 1M: 4.25%
• YTD: 16.89%
• 6M: 14.57%
• 1Y: 32.87%
• 3Y*: 15.35%
• 5Y*: 8.90%
• 10Y*: 13.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MISGX vs. MVALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MISGX Meridian Small Cap Growth Fund	5.01%	-1.28%	13.89%	14.02%	-24.63%	8.55%	27.78%	18.96%	0.40%	22.83%
MVALX Meridian Contrarian Fund	16.89%	17.43%	9.73%	12.40%	-16.67%	26.66%	23.75%	23.66%	-7.85%	24.88%

Correlation

The correlation between MISGX and MVALX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 17, 2013	0.88

The correlation between MISGX and MVALX shifts across timeframes, from 0.69 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MISGX vs. MVALX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MISGX

MISGX Risk / Return Rank: 10
MISGX Sharpe Ratio Rank: 10
MISGX Sortino Ratio Rank: 10
MISGX Omega Ratio Rank: 9
MISGX Calmar Ratio Rank: 11
MISGX Martin Ratio Rank: 11

MVALX

MVALX Risk / Return Rank: 46
MVALX Sharpe Ratio Rank: 40
MVALX Sortino Ratio Rank: 38
MVALX Omega Ratio Rank: 33
MVALX Calmar Ratio Rank: 64
MVALX Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MISGX vs. MVALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meridian Small Cap Growth Fund (MISGX) and Meridian Contrarian Fund (MVALX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MISGX	MVALX	Difference
Sharpe ratio: Return per unit of total volatility	0.77	1.71	-0.94
Sortino ratio: Return per unit of downside risk	1.18	2.41	-1.23
Omega ratio: Gain probability vs. loss probability	1.14	1.28	-0.15
Calmar ratio: Return relative to maximum drawdown	1.02	2.93	-1.91
Martin ratio: Return relative to average drawdown	3.06	10.24	-7.18

MISGX vs. MVALX - Sharpe Ratio Comparison

The current MISGX Sharpe Ratio is 0.77, which is lower than the MVALX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of MISGX and MVALX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MISGX vs. MVALX - Drawdown Comparison

The maximum MISGX drawdown since its inception was -41.11%, smaller than the maximum MVALX drawdown of -50.65%. Use the drawdown chart below to compare losses from any high point for MISGX and MVALX.

Drawdown Indicators

	MISGX	MVALX	Difference
Max Drawdown Largest peak-to-trough decline	-41.11%	-50.65%	+9.54%
Max Drawdown (1Y) Largest decline over 1 year	-13.54%	-11.53%	-2.01%
Max Drawdown (3Y) Largest decline over 3 years	-27.23%	-24.80%	-2.43%
Max Drawdown (5Y) Largest decline over 5 years	-37.70%	-24.80%	-12.90%
Max Drawdown (10Y) Largest decline over 10 years	-41.11%	-42.06%	+0.95%
Current Drawdown Current decline from peak	-8.29%	-0.58%	-7.71%
Average Drawdown Average peak-to-trough decline	-11.29%	-7.11%	-4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.35%	3.27%	+1.08%

Volatility

MISGX vs. MVALX - Volatility Comparison

The current volatility for Meridian Small Cap Growth Fund (MISGX) is 5.59%, while Meridian Contrarian Fund (MVALX) has a volatility of 7.23%. This indicates that MISGX experiences smaller price fluctuations and is considered to be less risky than MVALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MISGX	MVALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	7.23%	-1.64%
Volatility (6M) Calculated over the trailing 6-month period	12.99%	15.27%	-2.28%
Volatility (1Y) Calculated over the trailing 1-year period	17.94%	19.77%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.44%	20.85%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.26%	21.50%	-0.24%

MISGX vs. MVALX - Expense Ratio Comparison

MISGX has a 1.22% expense ratio, which is higher than MVALX's 1.12% expense ratio.

Dividends

MISGX vs. MVALX - Dividend Comparison

MISGX's dividend yield for the trailing twelve months is around 7.51%, less than MVALX's 10.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MISGX Meridian Small Cap Growth Fund	7.51%	7.89%	3.76%	0.00%	14.39%	33.08%	1.96%	5.78%	12.50%	4.18%	0.00%	1.62%
MVALX Meridian Contrarian Fund	10.96%	12.81%	4.26%	5.45%	11.45%	14.16%	4.93%	7.94%	25.52%	10.53%	0.52%	16.76%

Frequently Asked Questions

Can I hold both MISGX and MVALX in my portfolio?

MISGX and MVALX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MISGX or MVALX?

MVALX has higher volatility (7.23%) compared to MISGX (5.59%). In terms of maximum drawdown, MISGX dropped -41.11% vs MVALX's -50.65%.

Which has better risk-adjusted returns?

MVALX currently has the higher Sharpe Ratio (1.71 vs 0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.